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Reply #22: NY Fed Feb factory index plunges to lowest since 2003 @ -11.72 [View All]

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UpInArms Donating Member (1000+ posts) Send PM | Profile | Ignore Fri Feb-15-08 07:40 AM
Response to Reply #3
22. NY Fed Feb factory index plunges to lowest since 2003 @ -11.72
http://www.reuters.com/article/bondsNews/idUSN153312372...

NEW YORK, Feb 15 (Reuters) - A gauge of manufacturing growth in New York State fell for the fourth consecutive month in February to its weakest level since April 2003, New York Federal Reserve said on Friday.

The New York Fed's "Empire State" general business conditions index slipped to minus 11.72 in February from plus 9.03 in January. Economists polled by Reuters had expected a January reading of 6.00.


http://www.reuters.com/article/bondsNews/idUSN155482212...

Feb 15 (Reuters) - The New York Federal Reserve Bank said on
Friday its "Empire State" manufacturing activity index fell in
February to -11.72 from 9.03 in January.
Economists in a Reuters survey expected a median February
reading of 6.00.
Following is a breakdown of the survey's components:
Feb Jan Dec Nov Oct
2008 2008 2007 2007 2007
General Business -------- Diffusion Index ---------
Conditions -11.72 9.03 9.80 24.05 27.33
Prices Paid 47.37 40.24 35.00 42.86 36.05
Prices Received 17.89 18.29 12.50 11.90 15.12
New Orders -11.88 0.04 13.18 22.05 23.29
Shipments -4.86 15.84 20.39 29.30 27.69
Delivery Time 0.00 -4.88 5.00 -7.14 2.33
Inventories 0.00 -4.88 -10.00 -1.19 3.49
Unfilled Orders -1.05 1.22 -10.00 -1.20 3.49
Number of Employees -2.11 2.44 5.00 7.14 17.44
Average Workweek 0.00 4.88 -7.50 4.76 23.26
Feb Jan Dec Nov Oct
2008 2008 2007 2007 2007
General Business -------- Six months from ----------
Conditions 22.72 19.44 34.69 32.80 48.68
Prices Paid 54.74 54.88 55.00 59.52 50.00
Prices Received 27.37 26.83 37.50 28.57 25.58
New Orders 21.44 15.94 33.16 34.17 45.11
Shipments 25.64 22.53 35.68 35.15 49.21
Delivery Time -3.16 -2.44 -5.00 -1.19 -1.16
Inventories 12.63 -3.66 7.50 0.00 -1.16
Unfilled Orders 6.75 -4.09 -2.61 8.32 9.02
Number of Employees 4.19 19.01 26.04 24.38 36.83
Average Workweek 5.26 18.29 13.75 10.71 19.77
Capital Expenditures 16.84 23.17 23.75 19.05 27.91
Note: Diffusion indexes represent the percentage indicating
an increase minus the percentage indicating a decrease.
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